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Regular savings.

Regular savings account

Saving little and often really adds up with a regular saver.

Little and often

Find a regular savings account that suits you.

FAQs

All you need to know about regular savings accounts.

A regular saver, sometimes called a monthly saver, is a type of account where you make monthly investments. There is usually a minimum and maximum monthly amount you can invest. A regular savings account is designed to help you get into the habit of saving and can help you work towards a special purchase.

This may vary depending on the specific product. To check the withdrawal restrictions which will be in place you will need to check the individual product terms and conditions.

The minimum and maximum investment limits may vary depending on the specific product. To find out the limits you will need to check the individual product terms and conditions.

This may vary depending on the specific product. To find out the account conditions you will need to check the individual product terms and conditions.

The final interest will be added to your account on the maturity date (end date). We will contact you at least 14 days before this date to let you know what will happen to your funds and your available options. This will include to transfer to an easy access account, an alternative savings product or how to close your account.

If you are looking for tax free savings we may offer regular saver Cash ISA, which will enable you to invest the maximum annual tax free allowance set by the government. To find details of our currently available accounts visit our savings account finder.

Generally yes, unless you are opening a Cash ISA account. However there may be limits on how many of one account type you can open, so make sure you check the individual product terms and conditions.

Yes, you can open your account in joint names unless you are opening a Cash ISA account.

Our regular savings accounts are available for existing members or new applicants resident in our local postcode areas IP, NR, CO, CM, CB and PE. Applicants must be aged 16+.

Regular savings account

How to open your regular savings account.

If you’re ready to open your savings account by post you’ll need to do the following:

  1. Download, read and accept the terms and conditions, using our savings account finder.
  2. Be an existing member or a new applicant resident in our local postcode areas IP, NR, CO, CM, CB and PE
  3. Read and retain the Financial Services Compensation Scheme (FSCS) information sheet

We will require proof of your identity to open a new account if you are a new customer. For existing members we may request identification, for example if your records with us are incomplete.

Completed application forms should be posted to Suffolk Building Society, Freehold House, 6-8 The Havens, Ransomes Europark, Ipswich, Suffolk IP3 9SJ.

 

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